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The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively

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The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively Cash Other assets $ 58,000 118,000 Liabilities Miller, capital Tyson, capital Watson, capital Total liabilities and capital $ 41,000 60,000 60,000 15,000 $176,000 Total assets $176,000 a. Assuming no liquidation expenses, calculate the safe payments that can be made to partners at this point in time. b. For how much money must the other assets be sold so that each partner receives some amount of cash in a liquidation? Complete this question by entering your answers in the tabs below. Required A Required B Assuming no liquidation expenses, calculate the safe payments that can be made to partners at this point in time. Miller Tyson Watson Safe payments Complete this question by entering your answers in the tabs below. Required A Required For how much money must the other assets be sold so that each partner receives some amount of cash in a liquidation? Other assets must be sold

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